shoot ! didn't read the CME notice carefully enough, markets are open until tomorrow at 10:30am CT early close, re-open regular time 17:00pm CT ECB announcement 8:30am est yada yada yada for Thursday July 4/13 ~ 3:50pm pst Currencies: partly hanging over the market is the Greece thing and some Portugal but it seems these things get resolved one way or another. some $ correcting is seeing the pairs also correcting aud: Sell 0.94905 same eur: Sell 1.32177 now I'm wondering if the price will rally back up to the chasm line gbp: Sell 1.55479 quite a strong correction rally, see if it tops around 1.5540 nzd: Sell 0.77049 the price has been bouncing off my Sell entry price for days now maybe I should close the trade in the hope the price will drop thru and enter the trade again, but I think the price is going to stay up for another week cad: Buy 1.02261 same a small drop but up again Friday chf: Buy 0.92888 same although the chf hit a 61 retracement, I 'believe' there's more upside to come. closed the 0.94749 with $52.10 profit jpy: Buy 96.046 same should see upside resume Friday es: wasn't planning on writing anything till I saw a price tick and discovered the markets were open. I'm just going to say sideways. I've planned to be away from the computer till tomorrow afternoon so . . . bonne chance gc - xauusd: Sell 1387.81 not much to say, in no man's land. should have taken profit and entered a Buy or even a hedge Buy .................. cl: same - price could stay up one more week. break 110 ??? maybe hit 104 ng: same - don't expect a lot of upside, down next week ................. notes: still hot
theory: big NFP # = qe will stop, markets decline. small # = more qe, markets rally opposite for $ for Friday July 5/13 ~ 2:44pm pst Currencies: currently, the $'s C is the highest since this rally began in May 2011 I'm still not confident there won't be a sell off but if the price continues to rise it'll be obvious the rally's on big time, particularly with the suggestions EU rates will fall and the UK rate won't rise aud: Sell 0.94905 same eur: Sell 1.32177 pre BoE and ECB rally over, downside's on support, for the moment have to expect the price to continue falling gbp: Sell 1.55479 short covering rally Wed ? holding on a fibo level, but still down nzd: Sell 0.77049 same cad: Buy 1.02261 same, on its way up again chf: Buy 0.92888 same, as above jpy: Buy 96.046 same es: depending on numbers and rate, might start down today gc - xauusd: Sell 1387.81 same .................. cl: same ng: same ................. notes: cooooolerrrr
Trading Margin ROI ~ Wk 5: trades Monday July 1 to Friday July 5 Close includes closed and current open trades, adjusted running profit or loss . . . . . . . . . . . . . . . profit / loss . . . . roi % . . . margin aud . . . . . . . . . . . . $445.30 . . . . . . 138.88 . . .$320.62 eur . . . . . . . . . . . . $404.10 . . . . . . 93.19 . . . $433.62 gbp . . . . . . . . . . . .$659.20 . . . . . .130.07 . . . $506.77 nzd . . . . . . . . . . . . . $1.75 . . . . . . . 0.65 . . . $265.79 cad . . . . . . . . . . . $347.10 . . . . . . 100.39 . . . $345.72 chf . . . . . . . . . . . .$378.70 . . . . . . 119.90 . . . $315.83 ~ includes $52.10 first trade profit jpy . . . . . . . . . . . . $535.60 . . . . . .129.89 . . . $412.33 fx pairs: . . . . . . . $2,813.00 . . . . . .108.16 . . . $2,600.68 Pairs: doubled the portfolio in 5 weeks instead of 6, not bad eh will be closing the trades and double new trades - easier to calculate 1 than 2 prices ES: I'll start demo trading a B&H sometime this week dropped gold, will continue to analyze it for Monday July 8/13 ~ 3:48pm pst Currencies: all to do with the FOMC Minutes and Dr B's testimony next week aud: may rally for a bit. will C Sell, may Buy temporary eur: may rally for a bit. will C Sell, may Buy temporary gbp: may rally for a bit. will C Sell, may Buy temporary nzd: may rally for a bit. will C Sell, may Buy temporary cad: Buy 1.02261 same chf: Buy 0.92888 check into tomorrow's session, maybe a C jpy: Buy 96.046 same es: Sell I'm biased to a decline now. FOMC minutes are on Wednesday when Dr B also gives a speech and the week after . . . 'testifies' . . . remember last time .................. gc: Sell same still looking for 1154 - short term Buy cl: Buy same ng: Sell same, short term Buy ................. notes: beautiful sunny day, not hot, almost forgot to come home
re the 4 day es profit range, a comparison of the euro profitability: June 18 C to June 26 C , 6 trading days 381 pips x 1,000 contracts = $4,762,500.00 fx pairs: http://www.forex4noobs.com/forex-tools/average-daily-ranges/ for Tuesday July 9/13 ~ 5:05pm pst Currencies: well, everything seems to have slowed down all doubles are 2 mini lots at 30:1 leverage aud:C Sell 0.90506 $439.90 . . . . . Buy 0.90507 eur: C Sell 1.28248 $392.90 . . . . . Buy 1.28246 gbp: C Sell 1.48615 $686.40 . . . . Buy 1.48624 nzd: C Sell 0.77100 (-$5.10) . . . . . Buy 0.77105 cad: Buy 1.02261 same chf: Buy 0.92888 same jpy: Buy 96.046 same es: Jul 8 some session. looking to enter a Sell, but it might be short lived; seems like the price may be waiting on the Wed Minutes, tho wouldn't have thought it would have affected trading to slow it so much .................. gc: Sell same still looking for 1154 - short term Buy cl: C B may have topped, high as it's going or started a correction before a new rally ng: Sell same, short term Buy - still after the 3.83 ? ................. notes: internet and tv down for 2 hrs
FOMC Minutes 2pm est for Wednesday July 10/13 ~ 4:06pm pst Currencies: bailout, euro spooked me; didn't think to Sell till this morning and did so at the bottom of the wave. the aud and nzd Buys should have been left open, mistake not to have realized there's 3 groups: au-nz pairs, eu-gb pairs, usd pairs 2 mini lots - 2 ml - at 30:1 leverage aud: Buy 0.90507 C 0.91104 $119.40 eur: Buy 1.28246 C 1.28490 $48.80 gbp: Buy 1.48624 C 1.49235 $122.20 nzd: Buy 0.77105 C 0.77844 $147.80 aud: want to see if it comes off late Asia, thinking of Buy 4 ml, this in part is to stay with the doubling. not sure the nzd is going much higher, tt on the aud is longer and the usds are quite high already, so it just leaves the aud; 60 min, is that a triple top ? aud: eur: Sell 2 ml 1.27669 gbp: Sell 2 ml 1.48318 nzd: cad: Buy 1.02261 same chf: Buy 0.92888 same jpy: Buy 96.046 same es: thinking in terms of the price trading down to the Minutes, which shouldn't have anything new or controversial, but who knows what a fly shite picker will notice .................. gc: Sell same still looking for 1154 - C ? Buy - think it's spent and on the way down cl: Buy corrected - in one session, 104 broken, onward and upward ng: Sell same, C Buy, Sell, should break 3.50 ................. notes: getting hot again !
so, the Minutes digested and Dr B's Q&A and is anyone the wiser ? for Thursday July 11/13 ~ 3:17pm pst Currencies: several trades and I may hedge again, although I'm looking to Sell again the eur and gbp aud: Buy 4 ml 0.91483 C 091991 $203.20 ~ Sell 2 ml 0.91975 eur: hedge Buy 2 ml 1.28355 C 1.29639 $268.90 ~ Sell 2 ml 1.27669 gbp: hedge Buy 2 ml 1.49106 C 1.50060 $190.80 ~ Sell 2 ml 1.48318 nzd: will Buy hedge above 0.78680 ~ Sell 2 ml 0.78516 cad: Buy 1.02261 same chf: Buy 0.92888 same jpy: Buy 96.046 same es: well, the Buy's still on since since June 24 , will it continue ? HAS to be a correc- tion turn I believe for Dr B's testimony - bouncey bouncey, if not for profit taking .................. gc: Sell same cl: Buy same, think there's more into next week ng: Sell same, I think ................. notes: cooler
will post a Trading Update on Sunday for Friday July 12/13 ~ 3:47pm pst Currencies: OBVIOUSLY missed the euro turn AGAIN and the other pairs for that matter waiting on turns and basing of the usds eur: Sell 2 ml 1.27669 waiting on end of correction and then Sell again gbp: Sell 2 ml 1.48318 ~ Sell 2 ml 1.51824 aud: Sell 2 ml 0.91975 nzd: Sell 2 ml 0.78516 cad: Buy 1.02261 C 1.04129 $179.39 chf: Buy 0.92888 C 0.94987 $220.98 jpy: Buy 96.046 C 99.4560 $342.87 es: I think we're going to have a correction that begins - now actually that continues into August; an alternate is the correction lasts only till Dr B's testimony has finished next Thursday, with a no reports day Friday that can be used to re-thrash the QE dead dog one more time, have a breather, and, BUY. third alternate is that the price keeps going up in which case ignore previous except the bit about BUY .................. gc: Sell same. gold almost hit a 50 , I'll give a topside of 1327 or so but it's top may be in and it'll travel sideways for a week or two before declining again to new lows cl: Buy same, top in ? ng: Sell same ................. notes: cooler and beautifully sunny
lots of announcements this week with the focus on Dr B's 2 day testimony on Wed beginning at 10pm est and again on Thurs is there anything he Hasn't said ? he reads a prepared speech, but what new questions may arise, could there be one of those . . . what ? mis-speaks ? mis-understoods ? don't understands ? or will all be copasetic, or will a questioner push him to answer a question that shouldn't have been asked ? Trading Margin ROI ~ Wk 6: trades Monday July 8 to Friday July 12 Close includes closed and current open trades, adjusted running profit or loss . . . . . . . . . . . . . profit / loss . . . . roi % . . . . initial margin fx pairs: . . . . . . . $4,654.24 . . . . 178.96 . . . . $2,600.68 ES: I'll start demo trading a B&H sometime this week for Monday July 15/13 ~ 1:50pm pst Currencies: has the $ topped ? eur: Sell 2 ml 1.27669 ~ Sell 2 ml 1.30863 + hedge trading this and the gbp gbp: Sell 2 ml 1.48318 ~ Sell 2 ml 1.51824 aud: Sell 2 ml 0.91975 nzd: Sell 2 ml 0.78516 cad: Sell 2 ml chf: Sell 2 ml jpy: Sell 2 ml es: same story, I'm expecting some sort of correction .................. gc: Sell same. cl: Buy same ng: Sell same ................. notes: watching Le Tour ? something I enjoy doing every year